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Old 11-22-2009, 05:40 PM   #1
Buhoutsoupfap

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Default What is going on with Qadbak/Sauber?
Last I heard the FIA were awaiting some clarification from Toyota about what they would do with their F1 slot. I presume Toyota are attempting to sell the slot.

Hopefully they will get on with it soon because now it seems that Toyota are holding up any chance of us having another team and more drivers on the grid for next year.

Anyone know any more?
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Old 11-22-2009, 08:17 PM   #2
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Not too much in the press about this. Hopefully Sauber can get the vacant slot for next season.
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Old 11-22-2009, 09:31 PM   #3
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Not too much in the press about this. Hopefully Sauber can get the vacant slot for next season.
http://www.sonntagszeitung.ch/home/a...?newsid=108305
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Old 11-22-2009, 09:41 PM   #4
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forgive me but my german isnt the best, but i take it its looking quite negative from what i interprit. shame.

If I am wrong, sorry
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Old 11-22-2009, 10:32 PM   #5
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Thanks for the link.

Strange that they say that Qadbak doesn't have any kind of investors behind and that the Bahrain Capital Investement is also just a mock up of this King guy.
However they do not elaborate at all how did this guy manage to convince BMW, Rotschild Bank and especially Sauber if he has no money at all.

Looks to me like a bit of a sensationalist article with little documentation to back up it's claims.

The author also seems to not know that the teams do not get TV money in teh first year they are competing in F1.
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Old 11-23-2009, 06:02 AM   #6
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Last I heard the FIA were awaiting some clarification from Toyota about what they would do with their F1 slot. I presume Toyota are attempting to sell the slot.

Hopefully they will get on with it soon because now it seems that Toyota are holding up any chance of us having another team and more drivers on the grid for next year.
I thought I read a quote from John Howett that they unlikely to sell the team, but would rather concentrate on selling the 'car'.
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Old 11-23-2009, 04:11 PM   #7
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I imagine it legal people holding this up...after all F1 contracts and liabilities etc are pretty complex, there are huge fees involved, IP matters all of which could take a while to unravel and put back together.
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Old 11-23-2009, 05:16 PM   #8
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tv
i heard last night on Race of Champions telecast that there would not be the 14 teams in f1 next year
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Old 11-23-2009, 05:21 PM   #9
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http://www.autosport.com/news/report.php/id/80312
The BMW Sauber team says it still does
http://www.motorsportforums.com/foru...d.php?t=135921
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Old 11-23-2009, 05:59 PM   #10
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So the FIA could fine Toyota for not complying to the concorde agreement which they previously signed, why not just let them off if they relinquish their grid slot?
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Old 11-23-2009, 06:50 PM   #11
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Because they get money the other way that's why!
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Old 11-23-2009, 07:24 PM   #12
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The author also seems to not know that the teams do not get TV money in teh first year they are competing in F1.
Is that still the case or was that with the old concorde agreement?
There has been so much BS with all that this year that I am not sure what is the case anymore.
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Old 11-24-2009, 01:41 AM   #13
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Is that still the case or was that with the old concorde agreement?
There has been so much BS with all that this year that I am not sure what is the case anymore.
Not 100% sure either. Maybe it changed.

However they still need to wait the end of next season to get the money, so I doubt that any investor expects to get the money in advance and use it to run a team.
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Old 11-24-2009, 02:27 AM   #14
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Not 100% sure either. Maybe it changed.

However they still need to wait the end of next season to get the money, so I doubt that any investor expects to get the money in advance and use it to run a team.
Unless they are seriously mis-informed.
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Old 11-24-2009, 04:30 AM   #15
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It doesn't look like Sauber have stable enough backers, if they even exist. Didn't the bloke behind Qadbak go to prison for fraud?

Besides, this is F1, it's about politics, not racing. It's been, ooh, days since the last lawsuit. They're just building us up for the next big scandal next week when the FIA will enter Toyota as the 13th team against their wishes.
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Old 11-24-2009, 09:57 PM   #16
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The team formerly known as BMW Sauber are going to put a couple of young guns behind the wheel next week Autosport is reporting. So at least they are still opperating with staff on board etc.
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Old 11-24-2009, 11:17 PM   #17
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I found this - http://www.motorsport.com/news/artic...D=352833&FS=F1

Whichever way you look at it, it doesn't look good, no smoke without fire etc. It's just a shame Sauber wasn't able to get entire control back himself and carry on as before. I know BMW would never have done what Honda did for Brawn, but they'd be arguably better off than they are now.
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Old 11-25-2009, 01:08 AM   #18
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I found this - http://www.motorsport.com/news/artic...D=352833&FS=F1

Whichever way you look at it, it doesn't look good, no smoke without fire etc. It's just a shame Sauber wasn't able to get entire control back himself and carry on as before. I know BMW would never have done what Honda did for Brawn, but they'd be arguably better off than they are now.
BMW deserve what they are getting (and I say that as a huge BMW motorsport fan), but Sauber doesn't deserve such.
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Old 11-25-2009, 04:13 AM   #19
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Well that proper sucks.

It strikes me as similar to the Portsmouth debacle in footy....
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Old 11-27-2009, 06:03 PM   #20
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Official - Team sold back to Peter Sauber, Qadbak gone

http://www.autosport.com/news/report.php/id/80350

great news! Here's hoping they can find their way onto the grid for 2010 now.
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